At 8:13 PM +0200 11/19/02, Danny Van den Berghe wrote: .. > >Can you please tell me what's the catch here? >Where is this easy 20% on my money going to come from? >Is this a good old Ponzi , or what? > >Sorry, but this kind of easy money proposals makes me very suspicious....
Actually, it's not a Ponzi - IMO it's a case of chutzpah (but the "good" kind, a-la J.S.G. Boggs) working. Silver, at the moment, sells for less than five bucks an ounce, and the key is that Bernard has unilaterally declared an ounce of silver = $10 of his bucks (which Bernard spends at face! (in fact, I witnessed an exchange between him & Boggs, and I'd love to have that Boggs $100 & the Norfed ALCs that formed the transaction!). Bernard's coins are pretty and shiny and people can touch them, so they're popular, and now Bernard's doing an electronic currency I guess, but presumably as long as silver's less than five bucks per ounce and they're selling it for ten! there's room for a 20% profit (or else I'm getting the math wrong!). IMO, all this points out what an incredibly-good deal e-silver is, even with the larger-than-gold mark-up it gets. :^) JMR --- You are currently subscribed to e-gold-list as: archive@jab.org To unsubscribe send a blank email to [EMAIL PROTECTED] Use e-gold's Secure Randomized Keyboard (SRK) when accessing your e-gold account(s) via the web and shopping cart interfaces to help thwart keystroke loggers and common viruses.
